The BC Liberals held their convention this past weekend. With British Columbians heading to the polls next May, the governing party will attempt to win their fifth straight election.
All political dynasties eventually end when there is an appetite for change, but I’m not sure 2017 will be that year in BC.
Last election Premier Christy Clark and the BC Liberals campaigned heavily on bringing BC an LNG export industry.
The BC Liberals have taken quite a bit of heat on their now failed promise to have five export facilities operational by 2020, and rightly so, because before Friday not one LNG export facility had been completely green-lit.
I say before Friday because that’s when the government announced that the parent company behind Woodfibre LNG, a small export facility in Howe Sound, had approved an investment decision in it’s $1.6B facility.
I caught up with Natural Gas Minister Rich Coleman to discuss more about this project. Watch as he gives us the state of LNG in our province.
While he’s optimistic, it's a very competitive market with low prices and small margins, and I worry Canada’s regulations and investment climate due to carbon taxes, will scare off investment, sending those dollars south of the border or to Australia where they have no carbon taxes.
The Woodfibre investment is great news, but will more dollars follow before May 2017 and help the BC Liberals win another election?